As a self employed person, a private lending network will allow you to grow your REI business much faster.

Thus, if the lender approves the short sale to person B he will take title in his name alone; however, Person A may move in with Person B after the sale?

I hope you will become a very good business person as a result of this.

Brian, is that person a Realtor?

To really contribute here, I think my best bet is to try to remember:a) Not everyone knows what I know-- no matter how basic-- and to try to share detailed information on what I've done as time permits and,b) Remember that it's not just about the nuts and bolts and the how-to, but about keeping the right attitude, and bearing in mind that my own unique way of looking at something and my own attitude and approach to life may be as big an eye-opener to another person as all the specific techniques, and strategies I use.Thanks for your time and have a wonderful biggerpockets dayDitto :beer:

I was thinking about getting an agent, one who already does there own thing but then using that person as "our agent" and when we want offers etc. presented, having "our guy" do itORjust going to straight to the selling agent.Is there any real advantage to having our own person?

Even if they do the transaction can be reversed if someone else makes a successful claim.Best it to either wait until the lender has taken it back (an REO), to bid at auction, or to work with someone who is representing the person. A

In almost every consumer security instrument I have seen there are two clauses which are always in them:1. a "due on sale clause" the language reads that in the event the parties who sign the security instrument sell or convey their interest to another person (a jural person) or entity it will allow the lender to hold the parties in default, and trigger its remedies... acceleration, lawsuit, and possibly an action at equity to rescind the conveyance... nasty stuff in general...Its hard to put to paper... easy to verbally explain...2.

You must sell your residence to pay damages.You are not protected against liability because you in your individual capacity were responsible for causing the damages.Scenario 4:You own BE1.You own BE2.BE1 owns rental property.BE1 and BE2 have a contract for BE2 to manage rental property BE1 owns.BE2 hires property manager.BE2 hires maintenance person (as employee).Possible outcome:LawsuitPlaintiff = tenant’s family/estate.Defendant = maintenance person.Defendant = BE2.Liability = maintenance person – negligent maintenance.Liability = BE2 – employing negligent maintenance person.Joint & Several Liability – BE2 & maintenance person.Damages = maintenance person – wrongful death and personal property damage.Damages = BE2 – wrongful death and personal property damage.Maintenance person can’t pay judgment.

I think my brain registers that person as less important.